Logistics startup Delhivery files DRHP with Sebi for Rs 7,460 cr issue

Logistics startup Delhivery on Tuesday filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi), for an issue size of Rs 7,460 crore.

The primary issue will be of Rs 5,000 crore, which the company will raise via public issue. The offer for sale by the existing investors will be Rs 2,460 crore.

Key shareholders selling in the IPO are China Momentum Fund (Deli CMF) worth Rs 400 crore, Carlyle, worth Rs 920 crore, SoftBank worth Rs 750 crore and Times Internet worth Rs 330 crore.

According to the DRHP, Delhivery plans to utilise net proceeds of the IPO towards funding organic and inorganic growth through acquisitions and other strategic initiatives.